📊 XRP Tests Support Levels — Breakdown or Bounce? A negati
Monnie Brunt OkvK
Updated at: 9 hours ago
{"content":"📊 XRP Tests Support Levels — Breakdown or Bounce?
A negative reversal began below $3.250 for XRP. The price is consolidating and may fall below $3.050.
XRP pulled down below $3.250.
The price is below $3.220 and the 100-hour SMA.
XRP/USD broke below a crucial bullish trend line with support around $3.240 on the hourly chart.
The pair might rise again if it holds over $3.080.
XRP Drops Below Support
Like Bitcoin and Ethereum, XRP fell from $3.330. Price fell below $3.2850 and $3.250 support.
The price fell below the 50% Fib retracement line of the $3.004 swing low to $3.330 high. Additionally, the hourly XRP/USD chart broke below a crucial bullish trend line with support around $3.240.
The price fell below $3.120. The price is below $3.150 and the 100-hour SMA.
Price may find resistance at $3.1680 on the upside. First big resistance is about $3.220. A clean break over $3.220 might push the price above $3.250. More advances might push the price toward $3.330 or $3.350. Bulls may face a significant test at $3.40.
Another Drop?
XRP may fall again if it fails to break $3.250. Initial downside support is approaching $3.080, the 76.4% Fib retracement level of the upward advance from $3.004 swing low to $3.330 high. Near $3.050 is the next important support.
A downward break and closing below $3.050 might push the price below $3.020. The next big support is about $3.00, where bulls may stand.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $3.080, $3.00.
$3.1680–$3.250 are major resistance levels.
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